At the Democratic National Convention, Hillary Clinton talked a big game, which for her means that she lied more than usual. Chief among these lies would be the promise that Wall Street would have to atone for its unforgivable sin of using legal tax breaks set in place by her husband. She also said that she would fight to take money out of politics.
A new report has come out absolutely obliterating those claims and putting them in the trash, where they belong, because as it stands, Wall Street hedge funds have donated more than $48 million to Hillary’s campaign in this election, while Donald Trump’s hedge fund donations are about $19,000, or the price of a used Hyundai.
According to Fox News,
Hedge fund owners and employees have so far this election cycle contributed nearly $48.5 million for Hillary Clinton, compared to about $19,000 for Donald Trump, an indication that Wall Street is clearly backing the Democratic presidential nominee.
The total amount of such campaign contributions in 2016 is $122.7 million, twice as much as in the 2012 election cycle, according to a recent federal report analyzed by the nonpartisan Center for Responsive Politics.
With the Democratic and Republican parties’ conventions over Thursday and the general election officially just a few days old, it’s no surprise that pro-Clinton groups have received more hedge fund money.
It doesn’t stop there, because not only does Clinton funnel money to her “foundation,” but she also charges insane fees to have her speak at various Wall Street firms.
In addition, Clinton, a former secretary of state and New York senator, has clear ties to Wall Street, with critics repeatedly pointing out that in recent years she has received $21 million in speaking fees from Goldman Sachs and other Wall Street firms.
Do Wall Street hedge funds give to Republicans? Of course they do, as politicians, especially the establishment, career politicians don’t care as much about red or blue as much as they care about green.
However, Donald Trump is not part of that group, and has beaten every other candidate on the roster that would have been the puppet of Wall Street executives.
While Hedge fund owners and employees haven’t given a lot to Trump, they have so far given $65.8 million this cycle to other Republican groups — including some that backed Trump primary rivals.
Trump, the Republican presidential nominee and wealthy businessman, largely self-funded his primary campaign, in an attempt to show voters that he couldn’t be influenced by Washington or Wall Street money.
In addition, his vows to ends to what he considers unfair international trade deals appears to have sent Wall Street looking for another candidate, considering such deals have been largely profitable to U.S. investors.
Here were her remarks about Wall Street from her DNC speech, with some commentary by Fox News contributor and economist Ben Stein:
This paints a clear distinction between the two campaigns, and where the money really goes to grease the wheels of government – it’s certainly not the anti-establishment, self-made man.